Homeowners Find Relief Due To Bank Settlement

(Las Vegas, NV) — Just over a year ago, Catherine Cortez Masto announced Nevada would receive $1.5 billion from Bank of America and other loan servicers.

$57 million is to be paid to borrowers who were foreclosed on, and banks will make $90 million in payments to the state.

Part of that money created Nevada Legal Services, a non-profit organization providing free legal services to low income Nevadans.

Sheryl Serreze is with Nevada Legal Services and told KXNT why Nevada Legal Services can help.
“People trying to work with banks and services themselves are just overwhelmed with paperwork, the services available and if they even qualify. We can help with that at no cost.”

And if you are a bit leery of the banks, you now have a paper trail that may help.

“We have what’s called a hope-loan portal. It’s a computerized program that will track your submissions and how long it took the banks to look at your information. Everything has become much more streamlined,” said Serreze.

The staff of NLS has represents clients in federal courts, state courts, and in administrative hearings. They provide legal advice, assistance, and representation to countless Nevadans seeking assistance over the years in a variety of legal issues.